HAPI vs VOO
HAPI vs VOO
Harbor Human Capital Factor US Large Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HAPI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $484M | $979.0B | |
| Dividend Yield | 0.80% | 1.09% | |
| Holdings | 155 | 509 | |
| YTD Return | +11.04% | +11.51% | |
| 1Y Return | +18.42% | +21.46% | |
| 3Y Return (annualized) | +21.16% | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 12.7% | 14.1% | |
| Max Drawdown | -19.5% | -34.3% | |
| Fund Family | Harbor Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2022 | Sep 7, 2010 |
HAPI vs VOO Performance
Harbor Human Capital Factor US Large Cap ETF (HAPI) is a ETF from Harbor Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HAPI returned +18.42% while VOO returned +21.46%. Year to date, HAPI is up 11.04% versus a gain of 11.51% for VOO.
Over three years, HAPI compounded at +21.16% per year against +20.86% for VOO. Across the full 4-year window we track, HAPI has the edge at +24.19% annualized vs +13.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.7% for HAPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.5% for HAPI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HAPI charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, HAPI currently yields 0.80% against 1.09% for VOO.
Holdings Overlap
HAPI and VOO share 136 holdings out of 525 unique holdings combined, representing a 48.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HAPI | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 5.24% | 7.51% | 2.27% |
| AAPL | 6.02% | 6.59% | 0.57% |
| AMZN | 5.40% | 3.62% | 1.78% |
| MSFT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings HAPI shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HAPI or VOO?
HAPI has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, HAPI or VOO?
Over the past year HAPI returned +18.42% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +24.19% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, HAPI or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.7% for HAPI. Worst drawdown: HAPI -19.5% vs VOO -34.3%.
Should I hold both HAPI and VOO?
HAPI and VOO have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HAPI and VOO?
HAPI and VOO share 136 common holdings with a 48.7% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, HAPI or VOO?
HAPI yields 0.80% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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